Rand Paul On Dems' Super Committee Walk-Out: 'Any Deal Will Not Be Good For [Obama's] Election'

Appearing on the Sean Hannity show, Sen. Rand Paul (R-Ky.) dropped a bomb shell concerning the efforts of the congressional "Super Committee" which has been charged with eliminating 1.2 trillion from the federal budget by Nov. 23.

"I have news straight from sources close to the Super Committee that the Democrats have walked away from the table and they're refusing to talk to the Republicans about a deal and they will not counter any offers and basically there's an impasse and it's starting to look like they don't want any deal at all."

Sen. Paul added he believes that the Democrats and President Obama are in no rush: "it helps his campaign not to have a deal." "I don't think he cares at all what this will do to people's retirement account on Nov. 23rd... The president does not care about your retirement account."

"He cares only about his election - and any deal will not be good for his election."

Paul went on to say, "The republicans have offered tax reform that lowers tax rates and closes loopholes.The president talks about millionaires not paying their taxes, we are trying to close some loopholes, but we want to be part of tax reform. We have offered a serious credible offer, but bascially they have walked away from the table."